Extracorporeal Membrane Oxygenation Machine Market Projected to Gain Significant Value through 2032

In 2022, the global extracorporeal membrane oxygenation machine market was valued at US$ 531 million. It is expected to maintain a steady compound annual growth rate of 5% from 2022 to 2032, reaching a valuation of US$ 908 billion by the end of the period. The market has been expanding due to recent advancements in ECMO systems, including the miniaturization of components like hollow pumps used in surgeries and the increased use of ECMO in critically ill patients. The use of ECMO devices has become increasingly widespread in various healthcare settings due to its ability to support patients in life-threatening situations where other forms of care have failed. Oxygenators and heparin-coated cannulas are emerging trends in the market. Government organizations, such as GOLD, have also been advocating for the use of ECMO procedures to treat chronic obstructive lung disease and raise awareness of its benefits, positively influencing adoption trends. Furthermore, supportive government polic...